The China Securities Regulatory Commission (CSRC) approved Xinkai Technology's initial public offering (IPO) registration on the Shenzhen Stock Exchange main board.

On January 17, the China Securities Regulatory Commission issued the "Approval for the Initial Public Offering of Zhejiang Xinkai Technology Group Co., Ltd." It is reported that Xinkai Technology plans to be listed on the main board of the Shenzhen Stock Exchange, with Anxin Securities as the IPO sponsor, aiming to raise 2.6463 billion yuan. The prospectus shows that Xinkai Technology is mainly engaged in the development, sales, and service of organic pigments and other colorants. The company's core competitiveness lies in product development, quality management, supply chain integration, and global sales network layout. Its main products include azo pigments, heterocyclic pigments, phthalocyanine pigments, which are mainly used in the fields of ink, coatings, and plastics. The company has more than 450 specifications of pigment products, which are characterized by lightfastness, heat resistance, weather resistance, migration resistance, environmental friendliness, and high safety performance. The products are mainly used for coloring inks, coatings, plastics, and specialty chemicals. With its product development and service capabilities, the company has established long-term cooperative relationships with international large enterprises such as DIC Corporation, Flint Group, Sensient Technologies, Huntsman Corporation, Xuanwei Group, Dyo Ink, Sakata Ink, and Yinguai Technologies, and has strong brand influence in the industry.